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...dollar costs and came up with his own idea for tax-free investment accounts in addition to Social Security (that lets him call his plan "Social Security Plus" and Bush's "Social Security Minus"). Next came Gore's mild distortion of Texas' budget shortfall--saying Bush had squandered the surplus on a "tax cut for the wealthy," when more money went to give teachers a pay raise. Then came his attacks on Dick Cheney's voting record in the House (never mind that Gore voted the same way on a few issues...

Author: /time Magazine | Title: Democratic Convention: The Man Behind The Myths | 8/21/2000 | See Source »

...Gore has also grabbed the lead on what may well turn out to be the last-word issue of this campaign: the budget. There is no surplus, folks, and the first politician to say that aloud will have my everlasting respect. But Gore is promising to keep the budget balanced and pay down the debt, and that's Alan Greenspan's favorite issue, which is good enough for me. Bush's numbers don't add up - this is where John Kasich would have come in handy as a running mate - and if they still don't, he'll lose...

Author: /time Magazine | Title: Parting Shot: I, Undecided | 8/20/2000 | See Source »

...taxed when we earn. We get taxed when we spend. We should not get taxed when we save. The estate tax was instituted in part to help fund World War I. News flash: the war is over. We won. Peace is at hand, and we have a budget surplus...

Author: /time Magazine | Title: Kill The Estate Tax! | 8/14/2000 | See Source »

Critics argue that repeal will cost the Treasury $105 billion over 10 years--a revenue shortfall that the middle class will have to make up. But that is a) far from proved and b) a pittance next to the $2.2 trillion projected budget surplus over the next 10 years (not counting the Social Security surplus), which strongly suggests there would be no shortfall...

Author: /time Magazine | Title: Kill The Estate Tax! | 8/14/2000 | See Source »

Bush says a goal of his $1.3 trillion tax cut is to "ensure the American dream touches every willing heart...the greatest help for those most in need." And he says he can do it using only 25% of the surplus...

Author: /time Magazine | Title: Republican Convention: Do They Mean What They Say? | 8/7/2000 | See Source »

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